PhD Proposal (Corporate Governance and Financial Performance )

Corporate Governance and Financial Performance

The
present study will investigate the corporate governance reforms in Pakistan by
using both quantitative and qualitative method. After the publication of
Pakistan Corporate Governance Code (CGC) in March, 2002 by Security and
Exchange Commission of Pakistan (SECP), Pakistan has followed corporate
governance reforms that also include recent reform in 2012. The present study
will try to explore corporate governance reforms by providing new insights. In
Pakistan, the level of compliance and disclosure of corporate governance
provisions will be measure by using integrated research design. The study will
also determine whether the introduction of corporate governance code has
abetted in development of corporate governance standards in Pakistani context. The
determinants of corporate governance disclosure among Pakistani listed firms
will be measured. The present study will also investigate the association
between a number of individual corporate governance mechanisms and financial
performance in listed firms of Pakistan. This study will also analyze the
relationship between compliance of corporate governance code and
financial performance by employing the board composite corporate governance
index. At the end, this study will also explore the level of appreciation and
awareness of good corporate governance practices among key internal and
external stakeholders in Pakistan. This study will use mixed method approach by
applying both quantitative and qualitative method. The appreciation and awareness
of corporate governance practices among key stakeholders will be explored by
using qualitative research methodology. The motivation behind using mixed
method is the lack and recent call for mixed methods in corporate governance.
The mixed methods approach will seek to provide comprehensive understanding of
effects of corporate governance reforms on disclosure and performance. The
study will used balanced data of 100 listed Pakistani firms from 2008 to 2014.
This will generate a total of 700 observations. The study will contribute by
showing how the findings from quantitative and qualitative data can be integrated
to examine corporate governance behavior using mixed-methods research design.
Finally, the findings of this study will contribute to the extant literature by
assessing corporate governance reforms for policy-makers and regulatory bodies.